Boring Banking: Will It Become Bangalore’s Bonus?
by Jacob Funk Kirkegaard | October 14th, 2009 | 09:34 amAfter getting bailed out by taxpayers’ billions, banking is clearly viewed by the public and by regulators as needing to become more boring. In other words, to look less like the high return-on-equity sector of yesteryear and more utility-like, perhaps outlawing the most volatile, highly leveraged, and profitable in the short-term types of modern finance.1 [...]